Callidus Software plans redemption of outstanding notes

Callidus Software Inc. (NASDAQ: CALD) said it will exercise its right to redeem all of its outstanding 4.75 percent convertible senior notes due 2016 on June 18, 2014.

As of May 19, 2014, USD14.2m aggregate principal amount of the notes were outstanding, which holders may elect to convert into an aggregate of approximately 1.8m shares of Callidus Software Inc. (company) common stock prior to the redemption date under the original terms of the Notes.

Callidus Software Inc. (NASDAQ: CALD), doing business as CallidusCloud, is a provider of sales and marketing effectiveness software. For more information, visit www.calliduscloud.com.